Bitcoin Monthly RSI Bounces Back Above 50 as Momentum Improves

Bitcoin is gaining strength as its monthly Relative Strength Index (RSI) has recovered from its low point in 2026. PlanB, a well-known Bitcoin analyst with over 2 million followers on X, shared a chart showing the RSI at around 54, indicating improving momentum.

The RSI had fallen to mid-40s earlier this year, coinciding with a significant price drop from $97,860.60 to $57,700 in July, representing a 40.99% decline.

However, Bitcoin has since surged to $87,265, marking a 51% gain from the July low.

Additionally, the Supertrend indicator, which uses price and volatility to identify market direction, has turned green again around $84,000, signaling an uptrend.